Question for the Money Doctors

Question submitted on Oct 16, 2013.

Question

my bills are paid every month
but not on time!
My house is ALWAYS LATE AND SO IS MY CAR PAYMENT.
How do i juggle these payments so their on time?

Answer

Your bank has online billpay. Set it up so they get paid automatically every month. Your house and car payments are the same each month so this should be easy. You can set up your credit card payments so they are paid monthly out of your checking account.

You need to be careful you have enough money in your account when you make these payments.

Paying your bills late can hurt your credit rating. It will be more costly for you when you apply for new loans.

If there is a problem with the timing of the payments, you can adjust them. Please call you various lenders and accounts. Usually they give you one chance to change the payment date.